Global High Voltage Capacitors market is anticipated to grow at a CAGR of 8.5% by 2023: Ozone Market Reports

Ozone Market Reports projects that the High Voltage Capacitors market size will grow from USD 171.43 Million in 2017 to USD 279.68 Million by 2023, at an estimated CAGR of 8.5%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.

Capacitive Voltage Divider is expected to be the most attractive product due to its application in HV, EHV and UHV transmission which is expected to increase in near future. Also, another major reason is that the product has no immediate replacement and EVT is still used in very limited application. Coupling capacitors, Grading capacitors- GIS and Capacitive Voltage Dividers are other attractive products in transmission segment.

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